( Reuters) – U.S. stocks increased on Monday, with the Nasdaq striking a record high for the 2nd straight session, after a remarkably upbeat jobs report recently raised bets of a swift healing from a coronavirus-driven downturn.
FILE PHOTO: Traders wearing masks work, on the very first day of in person trading since the closure throughout the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Might 26,2020 REUTERS/Brendan McDermid
If the tech-heavy index closes at an all-time high, it would verify a bull market started on March 23, according to a widely accepted definition. The Nasdaq is the first of the Wall Street’s three primary indexes to get better from the marketplace crash caused by the pandemic.
The benchmark S&P 500 and the Dow are now 5.5%and 7.4?r from their particular closing highs, after surging more than 45%from their pandemic lows.
The S&P 500 is less than 1?r from recovering a